Poly-Vinyl Chloride Market Report 2026

The poly-vinyl chloride market size has grown strongly in recent years. It will grow from $98.5 billion in 2025 to $106.65 billion in 2026 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to growth in construction activities, widespread use in wire and cable insulation, expansion of plumbing infrastructure, availability of chlorine feedstock, growth in plastic packaging.

The poly-vinyl chloride market size is expected to see strong growth in the next few years. It will grow to $145.87 billion in 2030 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to rising urban infrastructure development, growth in electrical grid expansion, increasing healthcare packaging demand, advancements in low smoke pvc grades, expansion of housing projects. Major trends in the forecast period include growing demand for pvc pipes and fittings, rising use in electrical insulation applications, expansion of flexible pvc in medical products, increased adoption in packaging applications, focus on durable and cost effective plastics.

The poly-vinyl chloride (PVC) market is expected to witness growth due to the increasing demand from the agriculture sector. The agriculture sector encompasses activities related to the production, cultivation, processing, and distribution of agricultural products. PVC pipes and fittings have found widespread use in irrigation systems, primarily due to their durability and resistance to corrosion, making them well-suited for transporting water from sources to agricultural fields. For instance, in April 2024, according to a report published by the United States Department of Agriculture, a US-based executive department, agriculture, food, and related industries contributed approximately $1.53 trillion to the U.S. gross domestic product (GDP) in 2023, accounting for a 5.6 percent share, compared to 5.5 percent in 2022. Therefore, the increasing demand within the agriculture sector is a driving force behind the growth of the poly-vinyl chloride market.

Major companies operating in the PVC market are focusing on developing advanced solutions, such as oriented PVC (PVC-O) pipes, to enhance strength, resist crack propagation, and improve hydraulic performance in demanding applications. PVC-O is a type of oriented PVC that undergoes molecular orientation to improve mechanical properties and extend service life. For instance, in April 2025, Prayag Polymers, an India-based PVC manufacturer, introduced a full range of PVC-O pipes for water distribution, irrigation, and industrial uses. Engineered to withstand low temperatures, resist crack propagation, and deliver higher hydraulic capacity than conventional PVC pipes, these oriented pipes provide durable and reliable performance in challenging operating conditions.

In December 2024, SONGWON Industrial Co., Ltd., a South Korea-based chemical company specializing in high-performance PVC stabilizers, partnered with Altek International FZE to expand the distribution of SONGWON’s PVC stabilizers across the Middle East. This collaboration aims to strengthen SONGWON’s regional footprint, ensure consistent supply, and support the region’s growing PVC industry. Altek International FZE is a UAE-based distribution company offering chemical supply solutions for industrial and construction applications.

Major companies operating in the poly-vinyl chloride market are Westlake Chemical Corporation, Shin-Etsu Chemical Co., Ltd., INEOS Group Limited, Formosa Plastics Corporation, Occidental Chemical Corporation, China National Chemical Corporation, Orbia Advance Corporation, S.A.B. de C.V., Axiall Corporation, BASF SE, Mitsubishi Chemical Corporation, LG Chem Ltd., Oxy Vinyls, LP, INOVYN ChlorVinyls Limited, KEM ONE, Vinnolit GmbH & Co. KG, Kaneka Corporation, Hanwha Solutions Corporation, Aurora Plastics LLC, Teknor Apex Company, Inc., Sylvin Technologies Inc., Benvic Europe SAS, Mexichem Specialty Compounds Inc.

Asia-Pacific was the largest region in the polyvinyl chloride market in 2025. North America was the second-largest region in the global polyvinyl chloride market. The regions covered in the poly-vinyl chloride market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the poly-vinyl chloride market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The polyvinyl chloride (PVC) market consists of the sales of molecularly oriented polyvinyl chloride and modified polyvinyl chloride. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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